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Texas Insurance Code - INS § 2202.201. Grounds for Denial of Certificate of Authority or for Disciplinary Action

Current as of January 01, 2024 | Updated by Findlaw Staff

The commissioner may deny an application for a certificate of authority or discipline a certificate holder under this subchapter if the commissioner finds that the applicant or certificate holder, or an officer or director of an applicant or certificate holder:

(1) wilfully violated or participated in the violation of this chapter or any other insurance law of this state;

(2) intentionally made a material misstatement in the original or renewal application;

(3) obtained or attempted to obtain the certificate by fraud or misrepresentation;

(4) misappropriated, converted to a personal or other inappropriate use, or illegally withheld money required to be held in a fiduciary capacity;

(5) has been convicted of a felony or convicted of a misdemeanor of which criminal fraud is an essential element;  or

(6) is incompetent or untrustworthy.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 2202.201. Grounds for Denial of Certificate of Authority or for Disciplinary Action - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-2202-201/

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